THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

Division 5 - Meeting of creditors decides company's future

SECTION 439C   WHAT CREDITORS MAY DECIDE  

439C    At a meeting convened under section 439A, the creditors may resolve:

(a)  that the company execute a deed of company arrangement specified in the resolution (even if it differs from the proposed deed (if any) details of which accompanied the notice of meeting); or

(b)  that the adminstration should end; or

(c)  that the company be wound up.